MLM reminds a bit me of SRL, for ages i posted about the disconnect between its share price & NTA, & eventually the market caught on, after SRL had a "strategic review" to unlock value.
MTE is MLM's biggest investment & the Chinese are putting in $30m to fast track there projects in the Surat Basin.
MLM's investment in CBX is largely on hold, as the Qld Govt has environmental concerns over the project.
PMQ has sold off a project for more than its market cap, & ORM has has a massive run up over the last month due to the REE excitement & there drill results.
That said MLM stacks up fundamentally, even though its not overly liquid, & i guess the TA doesn't stack up.
I'll keep the thread up to date, as im doing with DGR, as the discount won't last forever!